Waiting for the fed so it should be quiet until 2:15. MLPS are higher in the index by .30. Magellan Midstream leads the way up 60 cents on good earnings and a good outlook. Nothing else really stands out here.

Calumet Products (CLMT) is down 2 on the Goldman downgrade. Hiland GP (HPGP) down 21 cents on the Wachovia cut.

Crude is higher on the inventory numbers and the 10 year yield is down a touch.